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Business
Sitharaman Unveils Tax Amendment Bill to Attract Global Capital and Boost Manufacturing
✍️ Hindustan Times
🗓 05 Aug 2026, 11:38 AM
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Finance Minister Nirmala Sitharaman introduced a tax amendment bill aimed at attracting foreign investment and strengthening India's manufacturing sector.
Finance Minister Nirmala Sitharaman presented the tax amendment bill in the Lok Sabha today, outlining measures to make India a more attractive destination for foreign investors.
The proposal seeks to reduce corporate tax rates for multinational companies and introduce incentives for domestic manufacturing units.
By easing tax compliance and offering rebates for capital expenditure, the government aims to boost the manufacturing base and create jobs.
The bill will now move to the committee stage for detailed scrutiny before a full parliamentary debate.
The proposal seeks to reduce corporate tax rates for multinational companies and introduce incentives for domestic manufacturing units.
By easing tax compliance and offering rebates for capital expenditure, the government aims to boost the manufacturing base and create jobs.
The bill will now move to the committee stage for detailed scrutiny before a full parliamentary debate.